U.S. corn and soybean exports fell in late November 2025, while wheat rose, amid global surplus and uncertain demand.

U.S. grain exports weakened in the week ending November 20, 2025, with corn slipping to 1.63 million tons and soybeans dropping to 799,042 tons, while wheat rose to 474,530 tons, outperforming both last week and last year. China wasn’t listed as a destination for any shipments, though it did purchase 123,000 tons of soybeans for the 2025–26 season. Global markets remain pressured by record corn supplies from the U.S., Brazil, and Argentina, and soybean prices stay soft amid strong Brazilian production and uncertainty around Chinese buying. Overall, futures traded mixed as geopolitical tensions, shifting trade flows, and broader economic signals continued to drive volatility.